RE:RE:RE:Comex Silver Inventories goldguy,
Yeah we were not talking at the same thing..
I have been trying to understand this whole comex / inventories / paper vs actual metal set up thing and after quite some time googling and reading I have admit I am non the wiser except perhaps that it becomes clear that no one else is really clear either and a case can be made for just about any scenario one chooses to believe!
I spent a while trying to decipher Harvey Organs report but once again ended up just as confused as I was when I started!.. but here it is for anyone interested..
https://harveyorgan.blogspot.co.uk
It appears he knows what he is talking about and if he is correct then it seems JP Morgan and one or two other entities are messing with the numbers to make paper deals look like real metal deals.. but who knows..
Ive been been involved in the PM markets for 11 years and one thing I can say I have learned is that this whole area seems to clouded in a fog so thick that no one really knows the full story or the complete truth.. from which I can onl;y come to one conclusion: That there are powerful entities who do not want the truth to known.. that the silver market is not transparant and what other explanation could there be than those entities have been manipulating the silver market for a very long time in order to serve their own ends.
It's easy to dismiss the whole conspiracy thing because there are a number of people who seem to making rather outrageos claims and gold bugs have become the laughing stock of the investment world the last few years.. but this has been going on for a long long time and there are many many intelligent people of sound mind who tell us the silver market is most rigged market of them all.. The big banks were caught red-handed in the Libor market scandal amongst other things and it would seem to follow that if they are rigging other markets why not the silver market if they can get away with it?
Some of this rigging is quite blatant; for eg JPMorgan are in a position of great influence as was seen in late 2013 when they suddenly put out a big flashing SELL sign for gold.. right after they had set up massive short positions.. of course the banks do it all the time but in the case of silver it must be very easy for them as it is such a small market with only a handful of major dealers running the show.
They do it in the housing market too.. it's not the people who need a house to live in that drives up the prices it the property investment marketeers.. and in all these cases it's always the small retail investors that get the short straw.
This is not a complaint.. I accept that this is the way of the world in todays global casino but anyone who denies that this is happening looks like an ostrich to me!
So who knows the truth about how much silver actually exsists in comex warehouses? not me..
..and it wouldn't surprise me if it became apparent that a real shortage was immanent anytime.. it is a fact that the paper traded in the Silver market is many multiples of the actual metal available at any given time..
It certainly will be fascinating how it pans out over time!